Global Hunter Corp. (the Company) (TSX.V: BOB.V) (FSE:G5D) has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by the Company to fund project expenses and for general working capital purposes.
The loan will have a two year term and loan principal will be convertible at the option of the lender in whole or in part into units (Principal Units) of the Company until eighteen months from the date of the loan advance at the price of $0.06 per Principal Unit. Each Principal Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.10 at any time until eighteen months from the date of the loan advance. The loan will bear interest at the rate of 12% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into units (Interest Units) of the Company until eighteen months from the date of the loan advance at the price of $0.05 per Interest Unit. Each Interest Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.075 at any time until eighteen months from the date of the loan advance.
The lender is at arm's length from the Company and will not become an insider as a result of any conversion of principal and interest. The loan principal and accrued interest will be secured by a pledge of the shares of the Company's subsidiary, Global Hunter Chile Ltda., and may be repaid without penalty or bonus on 30 day's notice. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. A finder's fee equal to 6% of the loan proceeds will be paid in cash as permitted by policies of the TSX Venture Exchange and applicable securities laws. The loan is subject to acceptance by the TSX Venture Exchange.
About 65% of copper that is produced is used for electrical applications. The important uses of copper include, use in power generation and transmission of electricity. It is used in transformers, motors, bushbars, generators, etc., to provide electricity through out the country, safely and efficiently. In case of electrical equipments, it is used in wiring and contacts for PC, TV, mobile phones and in the circuitry.
The ability of molybdenum to withstand extreme temperatures without significantly expanding or softening makes it useful in applications that involve intense heat, including the manufacture of aircraft parts, electrical contacts, industrial motors and filaments.
Douglas Lake Minerals Inc., (DLKM.OB) has recently filed a NI 43-101 Technical Report on its four 100% owned prospecting licenses which cover 800 square kilometers in the Handeni District of eastern Tanzania. This area recently has been recognized as an important gold district after the Magambazi gold find.
The 43-101 report details the first and second phases of exploration over the license area. In the Company's November 23rd release it was disclosed that the first phase airborne geophysical survey effectively outlined the folded and faulted geologic terrain as well as five prominent Northwest-Southeast trending shear zones that extend through the Douglas Lake ground. The second phase work program concentrated on collecting and analyzing soil geochemical samples on both detailed grids as well as reconnaissance style control lines across the large project area.
Douglas Lake Minerals has acquired two highly prospective gold projects in Tanzania. The Company has an experienced management and technical team of mining and investment professionals, and has made a strategic decision to focus exclusively on its two flagship properties the recently purchased Handeni Gold Project and the Mkuvia Alluvial Gold Project.
Douglas Lake is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania.
SRA International Inc. (NYSE:SRX) announced that it has been awarded the Special Operations Research, Development and Acquisition Center (SORDAC) Program Executive Office-Fixed Wing (PEO-FW) task order under the Global Battlestaff and Program Support vehicle from the Department of Defense's Special Operations Command (SOCOM). The task order is valued at $15.3 million with a period of performance of five years.
SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations and commercial clients serving the national security, civil government and global health markets.
AOL, Inc. (NYSE:AOL) and Move, Inc. announced an agreement giving Move exclusive rights to power the AOL Real Estate homes for sale search experience. The agreement delivers a powerful ad network for agents and advertisers to expand their reach and visibility to AOL.com's millions of monthly visitors.AOL Inc. is a leading global Web services company with an extensive suite of brands and offerings and a substantial worldwide audience. AOL is focused on attracting and engaging consumers and providing valuable online advertising services on both AOL's owned and operated properties and third-party websites.
AOL Inc. is a leading global Web services company with an extensive suite of brands and offerings and a substantial worldwide audience. AOL's business spans online content, products and services that the company offers to consumers, publishers and advertisers.
Newcastle Investment Corp. (NYSE:NCT) announced that its Board of Directors has declared dividends on the Company's Series B, Series C and Series D Preferred Stock for the period beginning May 1, 2010 and ending January 31, 2011. The dividends are payable on January 31, 2011 to holders of record on January 20, 2011. The Company will pay total dividends of $1.828125, $1.509375 and $1.570313 per share on the 9.75% Series B, 8.05% Series C and 8.375% Series D preferred stock, respectively. As of January 31, 2011, there will be no unpaid dividends with respect to any of Newcastle's Preferred Stock.
Newcastle Investment Corp. invests in real estate debt and other real estate related assets. Newcastle is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes.
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